| Concept Guidance: |
This is the value of insurance claims expense recognised during the relevant period, gross of any associated insurance recoveries. This item is to be determined in accordance with relevant accounting standards.This item is calculated as the sum of paid claims and the movement in outstanding claims liabilities over the relevant period.
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| Form-Specifc Guidance: |
For the purpose of Discretionary Mutual Fund (DMF) reporting, this is the value of gross claims expense. Gross claims expense is gross of any associated recoveries.
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